[credo]

This was previously discussed at https://news.ycombinator.com/item?id=4389061. My comment

Two points

1. Yes, most startups failed in 1999 and most startups are failing now. This isn't unexpected. Anytime, there is a boom in startups, most of them are going to fail.

If the first 10 startups succeed there will be 100 more. If the first million startups succeed, there will be 10 million more. Ultimately, most of them will fail.

2. imo Andrew is mistaken in assuming that the failures are due to startups having a "super high bar for initial quality in their version 1".

If anything, I'd say that the quality of many apps is too low, Many of the big-name apps are often unstable and crash (not just in the V1 version, but in later versions as well)